In China, it’s already cheaper to buy EVs than petrol cars

The Tesla Model Y has shot into the lead in new-car sales in the people's republic. (Image: Supplied)

Sun, 13 Aug 2023

By David FicklingPrice wars can be creative, or destructive. When comparable airlines battle for market share, the results can be devastating. None are offering a fundamentally cheaper product, so the effect is only to make consumers expect cheaper tickets. When one of the players has a cost advantage, however – as when a budget airline takes on a full-service carrier – the outcome is to switch buyers’ loyalty to the better-value product. Four of the 10 most highly valued carriers in the Bloomberg World Airlines index are...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Stay informed on business, government and financial developments across New Zealand.
Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

World

Australia unveils tax cuts in pre-election budget

Jim Chalmers said Australia would fortify its economy against damaging US tariffs.

AFP 3:52pm

Finance

Grenon seeks to end ‘futile’ NZME board stoush

It's time for the current board to fold 'em, says coup orchestrator.

Pattrick Smellie 2:00pm

Grenon seeks to end ‘futile’ NZME board stoush

Retail

Kathmandu recovery bright spot

KMD Brands declared earnings above previously stated guidance.

Gregor Thompson 1:35pm

Sponsored

“Extraordinary” uptake for Auckland’s new growth hub

63% of lots at Spedding Road precinct sold ahead of completion.

Spedding Road

Sponsored

Research shows AI-based attacks causing concern and senior leaders overestimating cybersecurity readiness

Research highlights from Datacom’s State of Cybersecurity Index show AI-based attacks are top of mind and senior leaders might be overestimating their organisations’ readiness to recover from cyber incidents.

Datacom